Insurance agencies provide 2 types of billing options to their insureds. One of them is agency billing, in agency billing the insurance agency issues the bill to the insured for the policy. In agency billing the insurance agency acts as the middleman and collects the full [...]
The importance of having auto insurance cannot be overstated. In the event of an accident, theft, or other damage to your car, it offers financial protection. The vehicle class is one of the elements that affect how much auto insurance costs. We'll go through what vehicle [...]
Create a formula field on the record page. Add the given below formula in Formula Options IMAGE('https://chart.googleapis.com/chart?chs=250x250&cht=qr&chl='+ AccountId ,'test') Add this field to the page layout. Now Scan the QR code , we will get the record Id
What is a Supplementary Acord Form? Acord Forms attached to the main Acord application are labeled supplementary Acord Forms. Depending on the scenario, these forms might be linked to a Personal or a Commercial application. These supplemental forms might contain details about anything additional not mentioned [...]
The financial loss you might suffer in the event of a break-in or an attempted break-in at your home or place of business is protected by burglary insurance. Burglary is the term for breaking and entering a home or business with the intent to take anything. [...]
LOB generally means Line Of Business which defines the type of insurance for the policy. It is the general classification of business used by several companies. In Insurance, it can be defined as Fire, Home, Flood, Personal, etc. Some of the major LOBs are:- AUTOP- Personal [...]
Binders A Binder is like a temporary contract of insurance for a short period until the policy is issued and the insured gets the certificate of insurance. As per the definition of IRMI (International Risk Management Institute), Binder is a legal document that is issued by [...]
5AOI: The Additional/Other interest is a joint group used to contain information relating to persons or parties other than the insured who have an interest during this policy for one reason or another. there's a code that describes the nature of the interest as being [...]
Winsurtech Web Viewer is one of the software which can be used to open AL3 files and see the data visually. You can access the AL3 Web Viewer here: https://al3viewer.winsurtech.com/. It lets you search the data as well on keywords and download the AL3 data [...]
What are defense costs in insurance and are they paid separately from the limit of liability? What is post-judgment interest? Defense Costs in insurance mean any type of fees, costs, and expenses incurred by or on behalf of the insurance holder in the investigation, defense, [...]
ACORD Forms ACORD forms are used in the insurance industry to standardize the collection of information for insurance applications, quotes, and policies. Carrier questions are a section of the ACORD form that is designed to provide insurers with information about the applicant's current or previous [...]
Certificates of Insurance A Certificate of Insurance is a complete and defined document that includes all the important information about an insurance policy. It could be used, for instance, to demonstrate the policy's current status, coverage specifics, risk exposure, and third-party liability protection. You receive [...]
